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What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Sundry creditors shows?
sundry creditor shows credit balance
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
Can you transfer your credit card balance to another person?
No, you cannot transfer your credit card balance to another person.
When does a debtors account have a credit balance?
goods in transit a debtor(customer) could also be a supplier(creditor)
Why is the same creditor on my credit report twice?
Is it for the same account or do you have another account with them?
Is it possible for you to transfer a credit card balance to another person?
No, it is not possible to transfer a credit card balance to another person.
What does chase balance transfer stand for?
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
What is the journal entry for purchasing goods on credit?
Purchase a/c Dr Input vat a/c Dr To Party a/c (Being goods purchased on credit from supplier/creditor.)
If a creditor reports an upaid bill on your credit then sells the account to another creditor can they report the same unpaid bill on your credit?
Yes, they can. But, usually it can be removed by the credit bureau once its proven to be a duplicate entry of the same debt.
What is a balance transfer?
A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.
How do you find garnishment balance?
You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.
